U.S. Oil and Gas PLC (OTCPK:USOP.Y) announced a private placement of 1,367,566 common shares at $0.38575 per share for gross proceeds of $527,539 with private investors on December 14, 2018. The issue price of a share included at a premium. The shares will be issued through CREST and no commissions are payable pursuant to the transaction. The company has 62,239,152 shares issued and outstanding after the completion of this transaction.